Payneham South is a small community in South Australia within the Norwood Payneham and St Peters local government area (postcode 5070). With a population of 1,731, the suburb has an established demographic with a median age of 39. Households earn a median income of $81K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Italian, Australian.
The median house price in Payneham South is $1.4 million, having grown strongly 9.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,789.
Payneham South is served by 1 school, including 1 primary. The average ICSEA score is 1092, which is above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is below average at 3,351 incidents per 100,000 population.
From an investment perspective, Payneham South offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 17.9x is considered stretched. House prices have moved +9.3% year-on-year.
Payneham South is a small community in South Australia within the Norwood Payneham and St Peters local government area (postcode 5070). With a population of 1,731, the suburb has an established demographic with a median age of 39. Households earn a median income of $81K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Italian, Australian.
The median house price in Payneham South is $1.4 million, having grown strongly 9.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,789.
Payneham South is served by 1 school, including 1 primary. The average ICSEA score is 1092, which is above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is below average at 3,351 incidents per 100,000 population.
From an investment perspective, Payneham South offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 17.9x is considered stretched. House prices have moved +9.3% year-on-year.